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Authentic Stone

Active
Private limited companyfounded 2018active for 7 yearsKaaistraat 1, 3580 Beringen, BelgiumKBO/BCE: BE 0713.523.783

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 10-07-2026 PDF

Turnover
≈ €2.0m
Estimated: probably between €1.4m and €3.0m
Total assets
€242,846
Net result
€3,307
Working capital
€11,817

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €242,846
Fixed assets €36,150
Current assets €206,696
Equity and liabilities €242,846
Equity €47,967
Debt €194,879
Debt's share of the balance-sheet total is 80.2%.
Key figures and ratios
2025 value
EBITDA
€36,525
Cash flow
€27,498
Current ratio
1.06
Debt to equity
4.06
ROE
6.9%
ROA
1.4%
Interest coverage
39.13
Debt ≤ 1 year
€194,879
Income taxes
€8,093
Staff costs
€337,413

Staff

social balance sheet
Item31-12-2025
Employees at the balance-sheet date15
full-time4
part-time11
in full-time equivalents9.1
Average over the year, in full-time equivalents9.3
On a permanent contract4
Joined41
Left35

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item2025
Tangible fixed assets€1,177
Intangible fixed assets€6,416
Depreciation and write-downs of the year€24,192

Source: notes to the 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €3,655 awarded · €3,635 paid
Year Entries AwardedPaid
2025 1 €1,040€3,635
2024 1 €2,615€0
Schemes
2 entries · €3,655 · €3,635 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€242,846
Fixed assets21/28€36,150
Intangible fixed assets21€20,478
Tangible fixed assets22/27€15,473
Furniture and vehicles24€15,473
Financial fixed assets28€200
Current assets29/58€206,696
Amounts receivable after more than one year29€203,950
Trade receivables290€203,800
Other amounts receivable291€150
Cash at bank and in hand54/58€1,088
Deferred charges and accrued income490/1€1,658
Equity and liabilities
Total equity and liabilities10/49€242,846
Equity10/15€47,967
Contributions10/11€1,050
Reserves13€46,917
Non-distributable reserves130/1€105
Reserves not available under the articles1311€105
Distributable reserves133€46,812
Amounts payable17/49€194,879
Amounts payable within one year42/48€194,879
Trade debts44€153,567
Suppliers440/4€153,567
Taxes, remuneration and social security45€41,098
Taxes450/3€24,373
Remuneration and social security454/9€16,725
Other amounts payable47/48€215
Income statement Code2025
Remuneration, social security and pensions62€337,413
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,192
Other operating charges640/8€3,912
Gross operating margin9900€377,850
Operating profit (loss)9901€12,333
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€934
Recurring financial charges65€934
Profit (loss) for the period before taxes9903€11,399
Income taxes67/77€8,093
Profit (loss) for the period9904€3,307
Profit (loss) for the period to be appropriated9905€3,307
Appropriation of the result
Profit (loss) to be appropriated9906€3,307
Transfer to equity691/2€3,307
To other reserves6921€3,307

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 10-07-2026.

Line2025
Remuneration, social security and pensions62€337,413
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,192
Other operating charges640/8€3,912
Gross operating margin9900€377,850
Operating profit (loss)9901€12,333
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€934
Recurring financial charges65€934
Profit (loss) for the period before taxes9903€11,399
Income taxes67/77€8,093
Profit (loss) for the period9904€3,307
Profit (loss) for the period to be appropriated9905€3,307
Line2025
Assets
Total assets20/58€242,846
Fixed assets21/28€36,150
Intangible fixed assets21€20,478
Tangible fixed assets22/27€15,473
Furniture and vehicles24€15,473
Financial fixed assets28€200
Current assets29/58€206,696
Amounts receivable after more than one year29€203,950
Trade receivables290€203,800
Other amounts receivable291€150
Cash at bank and in hand54/58€1,088
Deferred charges and accrued income490/1€1,658
Equity and liabilities
Total equity and liabilities10/49€242,846
Equity10/15€47,967
Contributions10/11€1,050
Reserves13€46,917
Non-distributable reserves130/1€105
Reserves not available under the articles1311€105
Distributable reserves133€46,812
Amounts payable17/49€194,879
Amounts payable within one year42/48€194,879
Trade debts44€153,567
Suppliers440/4€153,567
Taxes, remuneration and social security45€41,098
Taxes450/3€24,373
Remuneration and social security454/9€16,725
Other amounts payable47/48€215
Line2025
Profit (loss) for the period9904€3,307
+ Depreciation and write-downs630€24,192
Operating cash flow (approximation)€27,498

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 3,274 companies had the same profile as Authentic Stone has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
94.7% was still going
2.5% stopped otherwise
2.5% went bankrupt

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Authentic Stone itself: 1.3% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,274 companies, not a prediction for Authentic Stone. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 10-07-2026 2026-00277179 PDF

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